Quintiles Transitional Holdings Inc. (Q) Expected to Post Earnings of $1.14 Per Share
Wall Street analysts expect Quintiles Transitional Holdings Inc. (NYSE:Q) to post $1.14 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Quintiles Transitional Holdings’ earnings, with estimates ranging from $1.12 to $1.16. Quintiles Transitional Holdings reported earnings per share of $1.00 in the same quarter last year, which indicates a positive year over year growth rate of 14%. The company is scheduled to report its next earnings results before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that Quintiles Transitional Holdings will report full year earnings of $4.58 per share for the current year, with EPS estimates ranging from $4.55 to $4.62. For the next financial year, analysts forecast that the company will post earnings of $5.28 per share, with EPS estimates ranging from $5.17 to $5.50. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Quintiles Transitional Holdings.
Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 68.7% on a year-over-year basis.
Several equities analysts have recently weighed in on Q shares. Barclays PLC reissued an “overweight” rating and set a $98.00 target price (up previously from $90.00) on shares of Quintiles Transitional Holdings in a research report on Monday, July 17th. Zacks Investment Research raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Saturday. William Blair raised Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $70.10 to $93.42 in a research report on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and set a $94.00 target price on shares of Quintiles Transitional Holdings in a research report on Friday, August 4th. Finally, Citigroup Inc. boosted their target price on Quintiles Transitional Holdings from $96.00 to $97.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Ten analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Quintiles Transitional Holdings presently has an average rating of “Buy” and a consensus target price of $94.77.
Shares of Quintiles Transitional Holdings (NYSE:Q) traded up 1.19% on Friday, hitting $103.03. 1,920,105 shares of the stock traded hands. The firm has a 50 day moving average price of $96.60 and a 200 day moving average price of $89.62. The firm has a market cap of $22.31 billion, a PE ratio of 298.64 and a beta of 0.62. Quintiles Transitional Holdings has a 52-week low of $70.10 and a 52-week high of $103.38.
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In other Quintiles Transitional Holdings news, insider Kevin C. Knightly sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $90.28, for a total value of $1,805,600.00. Following the completion of the sale, the insider now directly owns 46,826 shares in the company, valued at approximately $4,227,451.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis B. Ph D. Gillings sold 968,023 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $97.33, for a total value of $94,217,678.59. Following the completion of the sale, the director now owns 9,071,839 shares of the company’s stock, valued at $882,962,089.87. The disclosure for this sale can be found here. Insiders sold a total of 14,208,382 shares of company stock worth $1,362,839,475 in the last ninety days. 6.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of Q. Janus Henderson Group PLC lifted its holdings in shares of Quintiles Transitional Holdings by 33,092.0% in the 2nd quarter. Janus Henderson Group PLC now owns 6,531,857 shares of the medical research company’s stock worth $584,601,000 after buying an additional 6,512,178 shares during the period. Glenview Capital Management LLC lifted its holdings in shares of Quintiles Transitional Holdings by 29.3% in the 2nd quarter. Glenview Capital Management LLC now owns 8,921,356 shares of the medical research company’s stock worth $798,461,000 after buying an additional 2,023,719 shares during the period. Royal Bank of Canada lifted its holdings in shares of Quintiles Transitional Holdings by 103.8% in the 2nd quarter. Royal Bank of Canada now owns 59,335 shares of the medical research company’s stock worth $5,310,000 after buying an additional 1,601,888 shares during the period. Discovery Capital Management LLC CT purchased a new stake in shares of Quintiles Transitional Holdings in the 2nd quarter worth $95,228,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Quintiles Transitional Holdings in the 2nd quarter worth $54,510,000. Institutional investors and hedge funds own 93.22% of the company’s stock.
Quintiles Transitional Holdings Company Profile
Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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